FTAG Options History — April 2018

In April 2018, FTAG traded between $26.24 and $27.58. ATM implied volatility averaged 42.2%, placing in the 15.2% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 22.7% (HV 20d: 19.5%). Max pain ranged from $29.00 to $29.00. Net GEX was positive for 0 of 16 trading days. Term structure was in contango for 3 of 16 days. Put/call ratio averaged 1.24.

Notable Days

2018-04-24: Highest Volume — 128 contracts
2018-04-25: Largest IV spike — 111.1% change
2018-04-02: Highest IV Rank — 40.2%
2018-04-02: Largest Expected Move — 23.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.01	$26.24	$27.58	$26.24	$27.04
Max Pain	$29.00	$29.00	$29.00	$29.00	$29.00
ATM IV	42.2%	23.4%	80.1%	80.1%	36.2%
Expected Move	12.0%	6.7%	23.0%	23.0%	10.4%
HV 20d	19.5%	17.6%	22.9%	22.7%	17.6%
HV 60d	20.5%	20.4%	20.7%	20.4%	20.7%
IV Rank	15.2%	2.8%	40.2%	40.2%	11.2%
IV Percentile	57.8%	8.3%	96.0%	96.0%	47.2%
Term Structure	-8.3%	-20.5%	6.5%	-7.8%	-11.6%
VWIV	39.2%	28.8%	51.1%	42.6%	38.8%
Skew 25d	6.5%	-3.0%	24.0%	9.6%	7.0%
Skew 10d	3.4%	-17.6%	15.1%	15.1%	5.6%
Call IV 25d	42.9%	27.4%	86.7%	86.7%	35.3%
Put IV 25d	49.4%	25.0%	96.3%	96.3%	42.3%
Bid-Ask Spread %	119.57	105.60	139.20	139.20	120.34
Gamma HHI	0.20	0.17	0.27	0.18	0.25
Net GEX	-3.4K	-5.1K	-2.0K	-2.0K	-4.8K
Net DEX	68.4K	47.7K	82.4K	69.8K	74.0K
Net VEX	-506	-601	-388	-588	-431
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.24	1.10	1.31	1.29	1.10
Total Volume	120.688	117	128	117	128
Total OI	159.375	147	168	147	168

Daily Data (16 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2018-04-02	$26.24	$0.00	80.1%	23.0%	22.7%	40.2%	0.0%	9.6%	-7.8%	-2.0K	69.8K	-588	1.29	139.20	51	66	51	96
2018-04-04	$26.43	$0.00	54.3%	15.6%	22.9%	23.2%	0.0%	19.1%	-13.0%	-2.6K	78.0K	-601	1.29	130.76	51	66	51	106
2018-04-05	$26.68	$29.00	43.8%	9.9%	20.2%	16.2%	42.6%	-0.0%	-4.0%	-2.8K	72.7K	-597	1.29	123.43	51	66	51	106
2018-04-09	$26.83	$29.00	26.7%	7.9%	20.3%	4.9%	30.7%	10.4%	0.4%	-4.0K	74.6K	-482	1.29	109.02	51	66	51	106
2018-04-11	$26.92	$29.00	51.8%	14.8%	19.3%	21.5%	51.1%	7.4%	-17.3%	-2.6K	60.7K	-556	1.29	119.19	51	66	51	106
2018-04-12	$27.19	$29.00	39.3%	11.3%	19.6%	13.3%	41.5%	24.0%	-10.9%	-3.4K	77.6K	-502	1.29	105.60	51	66	51	106
2018-04-16	$27.34	$29.00	48.7%	14.0%	19.5%	19.4%	46.7%	4.5%	-16.2%	-2.8K	52.1K	-522	1.29	123.37	51	66	51	106
2018-04-18	$27.58	$29.00	47.0%	13.5%	19.8%	18.3%	45.9%	4.8%	-17.5%	-2.7K	47.7K	-517	1.31	121.73	51	67	51	106
2018-04-19	$27.58	$29.00	47.7%	13.7%	18.6%	18.8%	45.4%	3.8%	-20.5%	-2.8K	53.0K	-515	1.31	124.55	51	67	51	107
2018-04-20	$27.31	$29.00	28.9%	8.3%	18.8%	6.4%	30.4%	3.9%	-1.4%	-3.7K	63.0K	-456	1.31	108.62	51	67	51	107
2018-04-23	$27.28	$29.00	24.5%	7.0%	18.3%	3.5%	28.8%	1.0%	6.5%	-3.9K	68.2K	-429	1.31	115.93	51	67	51	107
2018-04-24	$27.00	$29.00	23.4%	6.7%	18.5%	2.8%	36.2%	8.2%	-0.2%	-5.1K	82.4K	-388	1.10	123.04	61	67	51	107
2018-04-25	$26.69	$29.00	49.5%	14.2%	18.9%	20.0%	43.3%	2.5%	-7.4%	-2.8K	70.5K	-528	1.10	117.71	61	67	61	107
2018-04-26	$27.02	$29.00	35.9%	10.3%	18.8%	11.0%	35.7%	0.9%	-12.1%	-3.8K	72.1K	-501	1.10	117.70	61	67	61	107
2018-04-27	$27.06	$29.00	37.7%	10.8%	18.8%	12.2%	31.9%	-3.0%	0.4%	-4.3K	77.3K	-477	1.10	113.00	61	67	61	107
2018-04-30	$27.04	$29.00	36.2%	10.4%	17.6%	11.2%	38.8%	7.0%	-11.6%	-4.8K	74.0K	-431	1.10	120.34	61	67	61	107